Corient Private Wealth LLC Sells 9,784 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Corient Private Wealth LLC lowered its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,264 shares of the company’s stock after selling 9,784 shares during the quarter. Corient Private Wealth LLC owned about 0.06% of Industrial Logistics Properties Trust worth $151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EMC Capital Management boosted its holdings in shares of Industrial Logistics Properties Trust by 65.2% during the 4th quarter. EMC Capital Management now owns 13,319 shares of the company’s stock worth $49,000 after buying an additional 5,255 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Industrial Logistics Properties Trust in the third quarter valued at about $71,000. Caprock Group LLC bought a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth about $56,000. BNP Paribas Financial Markets increased its stake in shares of Industrial Logistics Properties Trust by 62.8% in the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after purchasing an additional 6,785 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new position in shares of Industrial Logistics Properties Trust during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

ILPT opened at $3.51 on Wednesday. The company has a quick ratio of 4.53, a current ratio of 4.84 and a debt-to-equity ratio of 4.26. The stock’s 50 day moving average price is $3.78 and its two-hundred day moving average price is $3.89. The firm has a market capitalization of $232.17 million, a P/E ratio of -2.40 and a beta of 1.88. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $110.52 million for the quarter. Industrial Logistics Properties Trust had a negative net margin of 21.63% and a negative return on equity of 8.98%.

Industrial Logistics Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.14%. Industrial Logistics Properties Trust’s payout ratio is -2.74%.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.